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Allocating charities' financial reporting requirements using tiers – Australian perspectives

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  • Han Wen
  • David Gilchrist
  • Prerana Agrawal
  • Lyndie Bayne

Abstract

The Australian accounting standard setter, funders and the sector itself express concern about reporting obligations established via regulatory requirements that are arbitrarily allocated using a tiered system based on income levels. This study investigates the utility of the current financial reporting framework by interviewing experienced preparers. Findings reveal stakeholders demand more detailed information, current accounting standards are seen as unsuitable, and irrelevant disclosures reduce report relevance. The tiered reporting system is viewed as outdated, especially for small and medium‐sized charities. We contribute to the literature on not‐for‐profit accounting by highlighting current system limitations and suggesting improvements for alignment with stakeholder needs.

Suggested Citation

  • Han Wen & David Gilchrist & Prerana Agrawal & Lyndie Bayne, 2025. "Allocating charities' financial reporting requirements using tiers – Australian perspectives," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(2), pages 1962-1986, June.
    • Handle: RePEc:bla:acctfi:v:65:y:2025:i:2:p:1962-1986
    DOI: 10.1111/acfi.13397
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